Asia Pacific (ex Japan) Chemical sector loan volume almost tripled Y-o-Y
- Bluestar Finance Holdings has closed a $500 million facility through joint bookrunners and mandated lead arrangers China Development Bank and Credit Agricole. Syndication saw ABN AMRO Bank, First Abu Dhabi Bank, Industrial & Commercial Bank of China, and Nanyang Commercial Bank join as mandated lead arrangers; while China Everbright Bank, Hang Seng Bank, ICICI Bank, and National Bank of Kuwait joined as arrangers. Proceeds are to repay existing debt.
- China syndicated loan volume stands at $115 billion in 2018 YTD, slightly down from the $ 119 billion borrowed in the same period of 2017.
- In Asia Pacific (ex Japan), Chemical sector loan volume stands at $22.7 billion so far this year, almost tripled the $5.9 billion borrowed in the same period of 2017.
The largest Hotel & Lodging sector loan signed in Asia Pacific (ex Japan) in 2018 YTD
- Hotelier Finance has signed a HK$9.3 billion facility through sole bookrunner and mandated lead arranger Credit Agricole. Syndication saw First Commercial Bank, Industrial & Commercial Bank of China, and MUFG Bank join as mandated lead arrangers; while Cathay United Bank, China CITIC Bank, Hua Nan Commercial Bank, KGI Bank, Mega International Commercial Bank, and Shanghai Commercial & Savings Bank joined as arrangers. DBS, First Abu Dhabi Bank, Hang Seng Bank, Nanyang Commercial Bank, OCBC, and UOB also joined as participants. Proceeds are to support the acquisition and the associated payments of 3 top-notch New World hotels in Hong Kong.
- This is the largest Hotel & Lodging sector deal signed in Asia Pacific (ex Japan) so far this year, followed by HSH Financial Services’ $898 million facility signed in March 2018 and Star Entertainment Finance’s $311 million facility signed in April 2018.
- In 2018 YTD, Hong Kong syndicated loan volume stands at $31.0 billion via 56 deals, down 19% from $38.1 billion borrowed in 2017 YTD.
The second largest real estate sector loan signed in Singapore in 2018 YTD
- Frasers Property has signed a S$1.2 billion green loan through joint mandated lead arrangers BNPP, DBS Bank, ING Bank, Maybank OCBC and UOB on a club basis. Proceeds are to repay existing debt incurred from the development of the Frasers Tower.
- This is the second largest Real estate sector deal signed in Singapore so far this year, behind Sim Lian (Treasure)’s $1.0 billion facility.
- Singapore loan volume stands at $32.6 billion in 2018 YTD, up 16% from the $28.0 billion borrowed in 2017 YTD.
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